Buy Aave (AAVE), it’s easy!

Why buy Aave (AAVE)

Consider buying AAVE because it’s the token of one of the most popular decentralised finance (DeFi) platforms. A hallmark of Aave is its ‘flash loans’, heralded as the first uncollateralised loan option in the DeFi realm. Another significant advantage is the flexibility it offers borrowers to switch between fixed and variable interest rates based on their needs. Despite the emergence of younger, notable competitors, Aave remains a cornerstone in the DeFi world, consistently maintaining its prominence.

It holds the fourth rank globally regarding total value locked (TVL) on DeFi platforms, with approximately $5.7 billion deposited in its smart contracts. In July 2023, the protocol expanded its offerings by introducing its native GHO stablecoin, over-collateralized by the assets ‘locked’ on the platform.

Therefore, you might choose to buy AAVE as it is one of the most robust and enduring projects in the cryptocurrency domain.

What is Aave (AAVE), and how did it originate?

AAVE is a pioneering project in the DeFi sector, established with a straightforward mission: to facilitate cryptocurrency lending among users in a decentralised fashion. Universally acknowledged as one of the most accessible DeFi protocols, AAVE provides attractive interest rates to borrowers and profitable opportunities for liquidity providers. In 2021, its pools encompassed 28 different cryptocurrencies.

Aave was founded in 2017 by Stani Kulechov, who developed the concept while studying at the University of Law in Helsinki. The company managing the protocol is headquartered in Switzerland and, distinctively from many crypto foundations, operates as a for-profit entity.